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Teradyne Management Discusses Q2 2012 Results - Earnings Call Transcript

Teradyne (TER)

Q2 2012 Earnings Call

July 26, 2012 10:00 am ET

Executives

Andrew J. Blanchard - Vice President of Corporate Relations

Michael A. Bradley - Chief Executive Officer, President and Executive Director

Gregory R. Beecher - Chief Financial Officer, Principal Accounting Officer, Vice President and Treasurer

Analysts

James Covello - Goldman Sachs Group Inc., Research Division

Satya Kumar - Crédit Suisse AG, Research Division

Mehdi Hosseini - Susquehanna Financial Group, LLLP, Research Division

Mahavir Sanghavi - UBS Investment Bank, Research Division

Jagadish K. Iyer - Piper Jaffray Companies, Research Division

Krish Sankar - BofA Merrill Lynch, Research Division

Patrick J. Ho - Stifel, Nicolaus & Co., Inc., Research Division

Vishal Shah - Deutsche Bank AG, Research Division

Christopher J. Muse - Barclays Capital, Research Division

Presentation

Operator

Good morning. My name is Sharon, and I will be your conference operator today. At this time, I would like to welcome everyone to the Teradyne Q2 2012 Earnings Conference Call. [Operator Instructions] Thank you. Andrew Blanchard, VP, Investor Relations, you may begin your conference.

Andrew J. Blanchard

Thank you, Sharon. Good morning, everyone, and welcome to our discussion of Teradyne's most recent financial results. I'm joined this morning by our Chief Executive Officer, Mike Bradley; and our Chief Financial Officer, Greg Beecher.

Following our opening remarks, we'll provide details of our performance for the second quarter of 2012, as well as our outlook for the third quarter.

First, I'd like to address several administrative issues. The press release containing our second quarter results was sent out via Business Wire last evening. Copies are available at teradyne.com, where this call is also being simulcast.

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